After a year flying N761C, it was time to upgrade to something new! In this video I talk through some of the decisions we made when buying a new plane and give you a quick tour of the new aircraft.
Your buy process and post-purchase training approach was very well thought out, especially the inspection before bringing the family onboard. Well done and enjoy!
If ATC keeps you high you can start reducing your speed ( notifying ATC ). You can ask for a vector. You are the boss PIC. Stay Safe ATP CFII single and multi Advance ground Instructor
Thanks Donnie! I actually went up with an instructor recently to practice descents since I can’t chop and drop from FL210 like I did with my normally aspirated Cirrus from 9000’. Was a great thing to practice live. I didn’t film it because I wanted to get more experience before adding distractions, but some time soon I’ll try to film a session about that.
Thank you! Yes it's been great so far. This is the first plane my family has been willing to travel long distances in. I hope you're able to get an awesome one in the next few years!!!
Great content and awesome editing. Im also Texas based northeast of Houston. I own a PA32 and fly weekly. In fact headed to deer lease in Llano Friday to your fav BBQ.
Congrats, great airframe. I am on my second JetProp and owned a 99 Mirage. Reach out as you get more hrs if I can be of any help. Get up high, use capabilities to their fullest.
I would say you need at least $50,000 of additional discretionary income to comfortably own and fly at regularly. That doesn’t include the upfront cost of acquisition. That number may be a bit low. Your location can have a pretty big impact on required budget.
Excellent thorough explanation. I have an SR22 and have been considering stepping up to a larger , more useful load plane, like the Mirage. Who did you use for the pre purchase inspection. Enjoy your new bird. Thanks
So far I’m really happy with the decision. It was a bit intimidating at first, but it’s a nice airplane for hauling the family. I was restricted in terms of how far we could move the plane for inspection so we went with Northern Michigan Jet Services.
Hey, I couldn’t fly safety statistics comparing the sr22 and the m350. Do you have a accident rate by 100k flight hours? I can’t put a number on it. Do you miss any of the avionics provided in the latest g7 or m350?
I was listening to another video that was talking about the cost to repack the chute on the SR22, $25,000. And it has to be done every 10 years. That's insane! 2500 a year additional cost to all the other costs of owning a airplane.
I did get my PPL in Austin. I went with Above and Beyond - they were great. I’ve since moved over to Texas Top Aviation because they focus on training owners and have Cirrus and Malibu experience.
Hey Taft. Great video. I appreciate your information. I am a pilot finishing up my CFI and II in Austin and the Malibu is on the planes that I am looking at buying next. If you are up for it, I would love to buy you lunch and talk Malibu. Let me know and I can message outside of comments.
Thanks for sharing. I also am thinking of the move 2 years down the line. If you dont’ mind sharing, what is the insurance qoutes you are getting for that plane?
Yeah happy to film that! As for the transition, it was difficult at first but didn't take long to feel comfortable. The speeds are pretty similar, so that felt the same as a SR22, but it is heavier and handles a bit differently. Landing took a while to get used to, but I was able to land it pretty smoothly after ~10 hours.
How much retract time (if any) did you have when you got insurance quotes? My Dad just got a C210 and the bastards wanted $30k/yr until we had 100 hrs each of retract time, so we decided instead to put that money toward both of us getting instrument rated all the while building up our retract time. Just passed my IFR checkride last week and sitting at 69.9 hrs retract. It’ll be interesting to see what an advanced pilot rating + 100 hours in make/model do for insurance.
About 3 years ago, when I started flying my g36 bonanza, I had about 100 hrs tt and 25/30 retract. No instrument rating, I was quoted 17k for insurance. Once I got the instrument and maybe 100 hours retract and the quote came to 12k. Once I hit 350 tt the quote came to 5/6k (270 ish retract). Figured maybe these numbers would help. Our hull value was at 660k +1m liability.
This is super helpful. Our hull value is less but it’s pressurized, so those two probably help to offset each other. I paid $18k this year with a little over 300 TT (250 in SR22) so basically no retract time. Hopeful that next year will be closer to $10k.
I wish it had been. Turboprops and piston twins were way too expensive to insure (upwards of $50k for year 1). I didn’t check on turbo twins, but it assume it would be $100k or more for the first year.
Start a business and sign some clients that are just the right distance away to (sorta kinda, but not really) justify the expense for the business. Kidding - I had hoped that would be feasible, but the tax laws are pretty strict when it comes to expensing airplane flight time. My business pays for the flight time, but only when I'm doing volunteer flights. Otherwise, it's out of pocket. But doing lots of volunteer flying helps me offset the cost personally.
@@TaftLove ha thanks. This would be a dream plane for me to be honest. I’ve been slowly shopping 6 seater single engines, and the prices over the last year or two have gone bonkers. Just renting and building hours in the mean time.
@@TaftLove do you have a public email I can email you at? We are seriously looking at Malibu's and I was hoping to talk to you a bit more about your buying experience if you have time.
I did think about it. Seems like a really great option. I especially liked the high wind and safety inherent to the design. The things that knocked it off the list are the seating (club seating is ideal for us), the single small door, and the fact that the Malibu was designed from the start to be pressurized. It’s debatable whether the last one really matters if you get a solid pre-buy done, but it made it onto my list.
P210 isn't really comparable to a Mirage. All P210s are very old now and many will be maintenance hogs. Interesting and capable plane for sure, but having read Dick Collins' fascinating articles on flying 9000hrs in his P210, I'd take a newer PA46 any day.
That was for a turbine. Super expensive. It's what we call an F-you quote at my work, when you get a quote that's so high you know the vendor just doesn't want to work with you.
Welcome to the club! We made our transition out of the SR22T for all the reasons in your video. PA-46 is awesome! This is the best video for power settings & speeds. Literally 5 power settings ensure safe flight. th-cam.com/video/EpvhzHSy1Dg/w-d-xo.html Just had Blake out for recurrent training 2 weeks ago.
With the petro dollar going buh byes I wouldn’t buy anything right now and probably the next 18 months. Assets are falling like an iced plane with one wing. I’m worth 32 million and I expect to be worth about 20 before it’s all over. I plan to buy nothing probably for the next 18 months as these prices fall. Once the market equalizes I’ll probably buy more industrial properties and maybe a plane with a parachute because I’m that valuable.
Your buy process and post-purchase training approach was very well thought out, especially the inspection before bringing the family onboard. Well done and enjoy!
Thanks - I appreciate it!
If ATC keeps you high you can start reducing your speed ( notifying ATC ). You can ask for a vector. You are the boss PIC. Stay Safe
ATP CFII single and multi Advance ground Instructor
Thanks Donnie!
I actually went up with an instructor recently to practice descents since I can’t chop and drop from FL210 like I did with my normally aspirated Cirrus from 9000’.
Was a great thing to practice live.
I didn’t film it because I wanted to get more experience before adding distractions, but some time soon I’ll try to film a session about that.
I’m a newly minted private pilot with an old Darter 100 to start building time on. This would be my choice of progression as well. Cirrus-mirage.
Awesome - congrats! I found it to be a good path. I hope you have as much fun as we have flying both airplanes!
This is the plane I am looking to buy in the next year or two.
Seems like a great fit for you and I'm hopeful for us as well. Cheers and safe travels.
Thank you! Yes it's been great so far. This is the first plane my family has been willing to travel long distances in. I hope you're able to get an awesome one in the next few years!!!
Perfect timing for me on this video. Thanks for posting
My pleasure. Hope it was helpful!
Man that’s a beautiful Aircraft! Really enjoyed being apart of your journeys on your two airplanes! Love the videos too! Just found your channel!
Thanks! Yeah couldn’t have done either buying process without your help.
Great content and awesome editing. Im also Texas based northeast of Houston. I own a PA32 and fly weekly. In fact headed to deer lease in Llano Friday to your fav BBQ.
Heck yeah. Great plane and awesome BBQ trip. Fly safe!
Nice bird! Thanks for sharing your buying / selling scenario. Flywheel brother!
My pleasure - thanks for watching!
Can’t wait to buy this one off you when you upgrade to the turbine in a few years
Can’t wait to sell it to you!
Great choice
Thanks!!!
Congrats, great airframe. I am on my second JetProp and owned a 99 Mirage. Reach out as you get more hrs if I can be of any help. Get up high, use capabilities to their fullest.
Thanks Scott - will do! The JetProp looks amazing. I hope to get there one day as well.
Well you're set up for the natural progression. Jeanette the piston garage is the 1st stop on that train. But an extremely capable airplane
What would you say the annual family income needs to be to comfortably own and operate a Mirage?
I would say you need at least $50,000 of additional discretionary income to comfortably own and fly at regularly. That doesn’t include the upfront cost of acquisition.
That number may be a bit low. Your location can have a pretty big impact on required budget.
The greatest benefit of personal airplane - you can smoke during flight =))
If to be serious - awsome airplane, my congratulations!
Thanks so much!
Excellent thorough explanation. I have an SR22 and have been considering stepping up to a larger , more useful load plane, like the Mirage. Who did you use for the pre purchase inspection. Enjoy your new bird. Thanks
So far I’m really happy with the decision. It was a bit intimidating at first, but it’s a nice airplane for hauling the family.
I was restricted in terms of how far we could move the plane for inspection so we went with Northern Michigan Jet Services.
@@TaftLove Young man, I might have missed it. Did you turn your pre buy into an annual inspection at the same time?
@@greglewis572 good question! No sir I didn’t. The last annual was a three months earlier, so we didn’t extend the prebuy.
Hey, I couldn’t fly safety statistics comparing the sr22 and the m350. Do you have a accident rate by 100k flight hours? I can’t put a number on it. Do you miss any of the avionics provided in the latest g7 or m350?
I was listening to another video that was talking about the cost to repack the chute on the SR22, $25,000. And it has to be done every 10 years. That's insane! 2500 a year additional cost to all the other costs of owning a airplane.
I think that’s a bit high. $10,000-$18,000, depending on which generation.
Smart move 👏✈️💵 great airplane
Thanks! So far I agree. It's been great.
Did you get your PPL in the Austin area? Looking for a good flight school.
Love the Malibu, that’s my dream plane for the family.
I did get my PPL in Austin. I went with Above and Beyond - they were great. I’ve since moved over to Texas Top Aviation because they focus on training owners and have Cirrus and Malibu experience.
Hey Taft. Great video. I appreciate your information. I am a pilot finishing up my CFI and II in Austin and the Malibu is on the planes that I am looking at buying next. If you are up for it, I would love to buy you lunch and talk Malibu. Let me know and I can message outside of comments.
Heck yeah let’s do it. We can fly somewhere to lunch if you want to get a feel for it. Here’s an email you can use: russets-shuteye0t@icloud.com
@@TaftLove just sent you an email!
May i ask what you do for a living.
Greetings from austria :)
Hi! Sure thing. I work for Dropbox (sales) and run a small business on the side doing consulting.
Thanks for sharing. I also am thinking of the move 2 years down the line. If you dont’ mind sharing, what is the insurance qoutes you are getting for that plane?
My pleasure! Thanks for watching. I was only quoted by one (London) and it was $18k.
One word..."Pressurized!"
Yep - 100%. Huge difference for us.
How difficult was the transition? Can you film getting into the cockpit? Always wondered how hard that would be
Yeah happy to film that! As for the transition, it was difficult at first but didn't take long to feel comfortable. The speeds are pretty similar, so that felt the same as a SR22, but it is heavier and handles a bit differently. Landing took a while to get used to, but I was able to land it pretty smoothly after ~10 hours.
@@TaftLove Thanks. Safe Flying 🙏🙏
This is aaaaa your Captain.
Definitely has the captain aaaa down
2 questions: how many hours did you have before getting into the SR22 and how many did you have when you traded up?
Before getting the SR-22, I had about 70 hours. I had just over 300 when I traded up.
Heck, Anything is a Step-up from a Cirrus!! Fact!
Just reading that comment made me instinctively reach for the parachute…
How much retract time (if any) did you have when you got insurance quotes? My Dad just got a C210 and the bastards wanted $30k/yr until we had 100 hrs each of retract time, so we decided instead to put that money toward both of us getting instrument rated all the while building up our retract time. Just passed my IFR checkride last week and sitting at 69.9 hrs retract. It’ll be interesting to see what an advanced pilot rating + 100 hours in make/model do for insurance.
Good question. I had very little - basically none. I think it was 2 or 3 hours at the time I got the Malibu.
Congratulations! Please let us know what difference it makes!
About 3 years ago, when I started flying my g36 bonanza, I had about 100 hrs tt and 25/30 retract. No instrument rating, I was quoted 17k for insurance. Once I got the instrument and maybe 100 hours retract and the quote came to 12k. Once I hit 350 tt the quote came to 5/6k (270 ish retract). Figured maybe these numbers would help. Our hull value was at 660k +1m liability.
This is super helpful. Our hull value is less but it’s pressurized, so those two probably help to offset each other.
I paid $18k this year with a little over 300 TT (250 in SR22) so basically no retract time.
Hopeful that next year will be closer to $10k.
@@TaftLove do you have yearly recurrent training at SIMCOM? I know a guy that has to do that for his Malibu.
Im in similar situation
Sticking with 22 until can get a TP
Yeah I thought a lot about that. Makes sense to me to go that route, too!
Piper Cheyenne II not an option?
I wish it had been. Turboprops and piston twins were way too expensive to insure (upwards of $50k for year 1). I didn’t check on turbo twins, but it assume it would be $100k or more for the first year.
So what year and model??? Really dude.
Aye!
Just curious, how much TT do you have? Loved this video for the info. Thank you!
Good question! I have a little over 300 TT, so a low time pilot for this transition.
Oh wow, incredible airplane. What's the secret to affording one of those?
Start a business and sign some clients that are just the right distance away to (sorta kinda, but not really) justify the expense for the business.
Kidding - I had hoped that would be feasible, but the tax laws are pretty strict when it comes to expensing airplane flight time.
My business pays for the flight time, but only when I'm doing volunteer flights. Otherwise, it's out of pocket. But doing lots of volunteer flying helps me offset the cost personally.
@@TaftLove ha thanks. This would be a dream plane for me to be honest. I’ve been slowly shopping 6 seater single engines, and the prices over the last year or two have gone bonkers. Just renting and building hours in the mean time.
What was your total time when you were quoted those insurance rates?
Great question. Only about 300 hours, give or take a few.
@@TaftLove do you have a public email I can email you at? We are seriously looking at Malibu's and I was hoping to talk to you a bit more about your buying experience if you have time.
@@williammccomis7042 sure here you go: russets-shuteye0t@icloud.com
How much are the running cost for the mirage? I mean even fixed cost are most likely way higher than the cirrus or not?
This is a great question, but I’m not sure. Maybe I’ll work on a video talking about costs!
One day.
Did you look at any P210’s as viable options? I know there are a couple around with boots installed.
I did think about it. Seems like a really great option. I especially liked the high wind and safety inherent to the design.
The things that knocked it off the list are the seating (club seating is ideal for us), the single small door, and the fact that the Malibu was designed from the start to be pressurized.
It’s debatable whether the last one really matters if you get a solid pre-buy done, but it made it onto my list.
P210 isn't really comparable to a Mirage. All P210s are very old now and many will be maintenance hogs. Interesting and capable plane for sure, but having read Dick Collins' fascinating articles on flying 9000hrs in his P210, I'd take a newer PA46 any day.
Wish I was rich enough for something like that - or a Cirrus :o 😉
For what it's worth, I'm not rich enough for it either. I'm lucky to have a company that can pay for me to fly!
Did you say $80,000.00?
That was for a turbine. Super expensive.
It's what we call an F-you quote at my work, when you get a quote that's so high you know the vendor just doesn't want to work with you.
Welcome to the club! We made our transition out of the SR22T for all the reasons in your video.
PA-46 is awesome! This is the best video for power settings & speeds. Literally 5 power settings ensure safe flight.
th-cam.com/video/EpvhzHSy1Dg/w-d-xo.html Just had Blake out for recurrent training 2 weeks ago.
Thanks, Tim! Really excited to have moved up. It's been a wonderful experience so far. Thanks for sharing the video.
And you probably saved a ton of money vs the price of a brand new cirrus and able to fly faster with pressurization!!!
Yep - 100%! I’ve thought about that a lot. I could have gotten a much nicer, post-2015 Malibu for less than a new SR22.
Nice video with wise comments but if you speed up your speech…
Yeah, it’s a habit. I’ve retained from teaching English overseas for a few years. Good note though. I appreciate it.
With the petro dollar going buh byes I wouldn’t buy anything right now and probably the next 18 months. Assets are falling like an iced plane with one wing. I’m worth 32 million and I expect to be worth about 20 before it’s all over. I plan to buy nothing probably for the next 18 months as these prices fall. Once the market equalizes I’ll probably buy more industrial properties and maybe a plane with a parachute because I’m that valuable.
Lol